4 ms·
They're not smothering capitalism. They are doubling down on the corporate welfare, cronyism and centralization that's been on full throttle since 2008. That ba
by passwordoops 4y ago
They're not smothering capitalism. They are doubling down on the corporate welfare, cronyism and centralization that's been on full throttle since 2008. That bailout and the acceptance of "too big to fail" banks was when they smothered capitalism
- dv_dt 4y agoThe very structure of the Fed since it's inception has been as a organization that serves banks. To some extent, it used to at least try to keep the industry from eating its own seed, but the lack of attention to that outcome really traces back to the 1970's and rise of neoliberal economic philosophy. https://mattstoller.substack.com/p/fire-the-fed https://mattstoller.substack.com/p/fire-the-fed